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SNAPSOT


            AUSTRALIA: INVESTORS EYE                               during  2021,  with many big  names

            BROWNFIELD SITES                                       chasing  opportunities  in the  ware-
                                                                   house  sector,  which  continues  to
            While  pandemic-related  disruption                    suffer from a lack of quality  assets.
            continues to weigh heavily on many

            segments of the Australian economy,                    Among the pull  factors include the

            it has  driven a sharp  increase  in                   pandemic-led shift from just-in-time
            e-commerce penetration, leading to                     delivery to higher levels of inventory

            strong requirements for high quality                   holding, which has  led to stronger

            warehouse  space.  This  has  seen                     take-up both now and in projections

            many investors look to reweight their                  for the next 24 months. The introduc-
            portfolios  to  capture  this  demand.                 tion of a unified Goods and Services



            The  regional  trend  for  portfolio                   tax (GST) has also facilitated invest-
            building has also been witnessed in this               ment  in  Indian  logistics  property.

            market, with investors buying individual               Additionally, with fast delivery a

            assets, bundling them up and obtaining                 crucial  requirement  for  e-com-

            considerable  portfolio  premiums.                     merce players’ seeking  to achieve
                                                                   seamless  Omni-channel  operations,
            Within Australia there is a large focus                there  is  strong  demand  to  acquire

            on brownfield areas and development                    warehouses  in urban  areas  for  last-
            land, with most major investors looking                mile delivery and also in tier II cities.

            at purchasing older brownfield indus-

            trial stock and repositioning or rede-                 Source: CBRE Reports

            veloping  to  modern  logistics  facili-
            ties. These urban / last mile locations

            are expected  to capitalise  on high-

            er-than-average market rent growth.




            INDIA: THE SUNRISE SECTOR


            Tighter  regional  logistics  yield  has
            prompted  many investors to seek

            greenfield  development in India


          |42  thecorporatereview.com  | India  | Vol. 3  |  Issue  5| July 2022                                                                                                                                                       |43
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